EUR/GBP — News Archive

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GBP/USD Consolidates Gains Made After Release of UK CPI Data

The GBP/USD today maintained the gains made after the release of UK Consumer Price Index data for February released by the Office for National Statistics, which beat expectations. The currency pair was largely unaffected by the better-than-expected US currenct account deficit.

Sterling Tries to Hold onto Gains Caused by BoE Statement

The Great Britain pound was mixed during Friday’s trading session, but mostly held onto yesterday’s gains caused by the unexpectedly hawkish policy statement released by the Bank of England.

British Pound Rallies Against US Dollar Following UK Jobless Data

The British pound rose against the US dollar and the euro on Wednesday, to partly recover from the losses it suffered after Parliament approved Theresa May’s Brexit bill. The pound got support from a jobless data release in the United Kingdom, despite the somewhat mixed picture of the labor market that the release painted.

British Pound Hits Lowest Level in Two Months as Parliament Approves Brexit Bill

The British pound weakened against major rivals on Tuesday to touch its lowest level since January, after UK lawmakers passed a bill from the British government that paves the way for Brexit. Investors now expect that UK Prime Minister Theresa May will trigger Article 50, which starts talks of exiting the European Union, later this month.

EUR/USD Rally Reverses as Political Uncertainty in the Eurozone Intensifies

The EUR/USD currency pair hit a bump in its rally from Friday last week as the US dollar demonstrated weakness after the release of the non-farm payroll report. The upcoming Dutch general election scheduled for Wednesday has heightened the political risk in the Eurozone as Geert Wilders, a far-right politician, is likely to win.

ECB Hawkishness Makes Euro Strongest Major Currency

Markets did not expect anything particularly important from this week’s European Central Bank meeting, but it turned out to be perhaps the most important event during the week, making the euro the strongest major currency. Meanwhile, the highly anticipated US nonfarm payrolls turned out to be almost non-event, having negligible impact on markets.

Euro Rises Against Major Counterparts as ECB No Longer Worries About Deflation

The euro rallied against the US dollar, the British pound, and other major peers on Friday after the European Central Bank signaled that it no longer worries about deflationary pressures. The shared currency reached its highest point against the greenback in almost 2 months in today’s trading.

Euro Rallies Briefly Boosted by Mario Draghi’s Hawkish Comments

The euro rallied briefly against its major peers today after Mario Draghi, the President of the European Central Bank, outlined a hawkish outlook during the press briefing after the bank’s meeting. The euro gained significantly as the ECB revised its growth and inflation outlooks for the Eurozone and announced that the quantitative easing program would continue until December.

Great Britain Pound Struggles as Brexit Uncertainty Weighs

The Great Britain pound was vulnerable on Wednesday due to Brexit uncertainties but bounced to trade near the opening level against most of its major rivals. The US dollar was an exception as against it the sterling retained losses, falling for the third day in a row.

Brexit Fears & Poor Macroeconomic Data Drive Pound Down

The Great Britain pound fell today, trading near the lowest level since January 17 versus the US dollar, driven down by Brexit fears and poor macroeconomic reports.

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